Velocity International CEO Ben Wright to additionally elevate funds by means of the World Marathon Problem
Denver, January 18, 2023 –
Velocity International and FT Companions announce a transformational present to First Descents to additional impression their work and supply life-changing out of doors adventures to adults impacted by severe illness. The 2 firms dedicated to allocate $1 million from the just lately closed series B transaction.
“When Steve approached me with the thought of creating a large donation to a charity, I knew we had chosen the precise companion in FT Companions. Not solely did their workforce quarterback this astounding capital elevate, their curiosity in utilizing our respective platforms for good on the earth speaks to their integrity. I’m extremely grateful to Steve McLaughlin and the complete FT Companions group and honored to be operating the World Marathon Problem on behalf of this unimaginable group,” mentioned Ben Wright, Founder & CEO at Velocity International.
“Whereas advising Ben and the Velocity International Crew, I discovered about Ben’s ardour for First Descents’ mission, and the choice to companion on this donation grew to become a no brainer. Considerate philanthropy is a key a part of who we’re at FT Companions, and I really feel lucky that Ben launched us to First Descents given the large compassion they’ve for these much less lucky,” mentioned Steve McLaughlin, Founder & CEO of FT Companions.
The $1M unrestricted contribution is supposed to pave the best way for future programming, activation, and outreach for First Descents, and the communities they serve. In 2023, First Descents will administer greater than 45 weeklong packages nationwide together with whitewater kayaking, mountaineering, and browsing. The group companions with over 500 hospitals, clinics, and affected person advocacy teams to succeed in younger adults (ages 18-39) dealing with most cancers and a number of sclerosis.
To additional amplify funds and consciousness for First Descents, Velocity International Founder Ben Wright is operating the World Marathon Problem, a bodily and logistical problem that consists of operating 7 marathons on 7 continents in 7 days. The occasion commences in Antarctica on January thirty first and proceeds to Cape City, South Africa, Perth, Australia, Dubai, UAE, Madrid, Spain, and Fortaleza, Brasil, earlier than concluding in Miami on February sixth. Ben seeks to lift $183,000 to advance First Descents’ programming, representing $1,000 for each mile run.
“This management present and Ben’s operating of the World Marathon Problem mix to tremendously elevate our capability to serve,” mentioned Ryan O’Donoghue, CEO at First Descents. “With greater than 100,000 younger adults recognized with most cancers and MS yearly, the necessity to lengthen free psychosocial supportive care is nice. This assist will allow First Descents to deal with constraints in reaching extra sufferers, enabling hundreds extra to expertise the therapeutic energy of journey.”
ABOUT VELOCITY GLOBAL
Velocity International helps you compliantly rent, pay, and handle anybody, wherever. We simplify the employer and expertise expertise—combining cloud-based know-how and unmatched human assist in 185+ international locations. Begin hiring throughout borders at VelocityGlobal.com.
ABOUT FT Companions
Monetary Know-how Companions (“FT Companions”) is the one funding banking agency centered solely on offering top-tier strategic and monetary advisory providers to FinTech CEOs, founders and traders. The Agency presents CEOs and traders a big selection of strategic advisory providers in mission-critical transactions together with Non-public Capital, M&A, IPO Advisory, Debt Advisory, LBOs and Recapitalizations. With workplaces in San Francisco, New York and London, FT Companions is comprised of a workforce of skilled funding bankers previously with the monetary know-how, M&A and funding banking teams of Goldman Sachs, Citi, JP Morgan and Morgan Stanley. FT Companions commonly publishes detailed analysis stories, transaction profiles, and CEO interviews highlighting key traits driving market exercise throughout the FinTech panorama. Comply with us on Twitter, join on LinkedIn, and go to our Research web page for extra actual time updates. Go to www.ftpartners.com for extra info.
ABOUT FIRST DESCENTS
First Descents (FD) is a pacesetter in adventure-based therapeutic. Via out of doors journey, group constructing, and life-style growth, FD improves long-term survivorship and high quality of life for younger adults impacted by most cancers and different severe well being situations. Headquartered in Denver, First Descents has served greater than 10,000 individuals over the past 20 years. Starting in 2020, First Descents launched packages for healthcare staff on the frontlines of COVID-19. All providers are fully-adaptive and freed from cost. A Guidestar Platinum-ranked nonprofit, First Descents has been acknowledged on CNN Heroes and Outdoors Journal’s Greatest Locations to Work.
ABOUT WORLD MARATHON CHALLENGE
The World Marathon Problem is a logistical and bodily problem to run seven marathons on seven continents in seven days. Rivals should run the usual 42.2km marathon distance in Antarctica, Africa, Australia, Asia, Europe, South America and North America inside 168 hours, or 7 days. The clock begins when the primary marathon begins in Antarctica. Go to www.worldmarathonchallenge.com to be taught extra.
RESOURCES: Ben Wright World Marathon Problem Web page (link)
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